Market Updates – December 23, 2025

Opening of Trading on TASE

Trading on the Tel Aviv Stock Exchange (TASE) opened with mixed signals on December 23, 2025. The TA-35 index is leaning towards declines, while the TA-90 index shows signs of gains. Notably, the banking sector has experienced a significant downturn, dropping over 1%-specifically 1.3%-following recommendations for a new taxation policy targeting banks.

Currency and Market Trends

In the currency market, the US dollar has weakened against the shekel by 0.16%, trading at 3.20 shekels. Meanwhile, the euro has appreciated slightly by 0.19%, reaching 3.77 shekels. Futures contracts on Wall Street are also trending downward.

Stock Performances

Within the TA-35 index, Enlite, a renewable energy company, is the top performer, rising 2.5%, while Nova, another dual-listed entity, has declined by 1.5%. Over in the TA-90 index, Doral, also in the renewable energy sector, has gained 2.5%, whereas Max Stock is facing the largest decline with a drop of 1.65%.

Bond Market Overview

In the bond market, government bonds attached to the consumer prstart index with maturities of approximately 24 and 17 years are trading steadily. Conversely, fixed-rate government bonds with an 18-year maturity are experiencing declines, while those with 14-year maturities remain stable. Among corporate bonds, the Tel Bond 20 index is inching upwards, whereas the Tel Bond 40 and 60 indstarts are stabilizing.

Recommendations and Taxation

Today’s agenda highlights a proposal from the Ministry of Finance to impose a 15% excess profit tax on banks. This recommendation comes amid ongoing market adjustments after recent peak levels, leading to a 0.3% decline in the TA-35 index.

In summary, today’s market activities reflect cautious trading amid new taxation proposals, currency fluctuations, and evolving performances in both stock and bond markets.

Note: The situation continues to develop, with potential implications for investors and market strategies in the coming weeks.